Published by NEWSWEEK PAKISTAN on Friday, October 30, 2015
INOV8 WILL USE ITS LATEST EQUITY INJECTION TO EXPAND IN THE MIDDLE EAST AND AFRICA.
Pakistani tech company Inov8 Limited has been valued at $108 million in its first round of fresh funding.
The company made the announcement on Oct. 29 following an equity injection of $5.4 million from Sheikh Nahyan bin Mubarak Al Nahyan, the minister of culture, youth, and social development of the United Arab Emirates.
“I have invested in multiple mobile payments and commerce initiatives,” said Al Nahyan, “and I find the depth of the management, the product platform, and the vision of the founders [of Inov8] to be the best I have come across. I look forward to being an integral part of their success story.” Continue reading
Tags: 2015, emergingmarkets, telcos e-commerce, economy, venture, fintech, POS, Inov8Limited, mobilepayments, ATM, news, internet payments, logistics, finance, branchlessbanking, Business, digitalwallet, creditcard, HasnainSheikh, internetbanking, Pakistan, mobilecommerce, ecosystem, valuation, Funding, mobilebanking, paymentssolutions, BashirSheikh, retail, m-commerce